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US polystyrene prices may continue rising in January
HOUSTON, December 18, 2017 (PCW) -- Americas Styrenics, one of three major US polystyrene (PS) producers, announced today that it will increase transaction prices for all grades by 2 cpp, effective January 1. Other suppliers have yet to announce their January price intentions.
Producers previously announced December price increase targets of 5-6 cpp, following the recent run-up in benzene and styrene markets.
Spot benzene, which had been trading around 265 cpg DDP HTC at the start of the quarter, ended last week at 338 cpg, an increase of more than 70 cpg.
Spot styrene monomer, which traded as low as 51-52 cpp FOB US Gulf in late October and early November, ended last week at 59.4 cpp. -- David Barry